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Question - Explain how, if at all, do you think management and employees can benefit from using balanced scorecards. Do you think compensation should be linked to balanced scorecards? What problems do you think the company might encounter in trying to implement a balanced scorecard?
Write an essay that addresses the assignment's guide questions, do not address the questions using a question and answer format.
Embed academic material concepts, principles and theories (require supporting citations) along with at least two scholarly, peer-reviewed journal article in supporting your answer unless the assignment calls for more.
Use academic writing standards and APA style guidelines.
Verified Expert
In any particular organization, balance scorecard offers multiple benefits not only to its employees but also to the management. It leads to a better strategic planning; this is because balance scorecard provides a strong framework for the purpose of the building as well as communication of the strategy. Also, it aids in the better arrangement of initiatives and projects as it helps the company to map its respective initiatives and projects to other strategic objectives, which in turn assures that this initiative and project would focus tightly on delivering objectives that serve to be the most strategic.
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